CBS in talks on exit for accused CEO Moonves

Les Moonves in talks for $100 million settlement to leave CBS after sexual misconduct allegations

Les Moonves is accused of sexual misconduct by multiple women

Moonves, who has been accused of inappropriate conduct in incidents that happened more than two decades ago, was reportedly offered somewhere in the neighborhood of $100 million by the board, the outlet reports.

The board of U.S. television giant CBS is negotiating a multi-million-dollar exit for CEO Leslie Moonves, accused of sexual misconduct by at least six women, United States media reported Thursday.

Moonves, who has remained in charge despite the allegations against him, signed an employment contract in May 2017 that provides for a severance package worth almost $180 million if he is removed without cause.

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However, in July, the New Yorker's Ronan Farrow published an article that detailed allegations by six women against Moonves who claim they were sexually harassed and intimidated by Moonves.

The CNBC report states that CBS COO Joe Ianniello would be named interim CEO, if the company is able to negotiate Moonves's exit.

The Journal also reports that the independent directors are seeking an assurance that CBS parent National Amusements won't seek to combine CBS with sibling company Viacom, something Moonves has long resisted. "I always understood and respected - and abided by the principle - that "no" means 'no, ' and I have never misused my position to harm or hinder anyone's career", he said in a statement to The New Yorker.

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FBN's Charlie Gasparino discusses how CBS CEO Les Moonves is negotiating his exit from the company. CBS, led by Moonves, has opposed the move.

Sources close to the talks tell CNBC that the board "wants the rights to claw back some of the compensation if it's determined that sexual harassment allegations against Moonves are confirmed".

A spokesperson for CBS Corporation declined to comment.

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